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Seller's Disclosure Statements

Not every company uses one. In Florida it's not necessary for a seller to fill one out (although Florida law requires them to disclose defects not readily observable). If they won't, I'm always suspicious. The sellers that I've worked with over the years are generally more than willing to fill it out; often they ask "should I mention the little roof leak of a year ago that was fixed?" Yes is the answer! The more specific a seller is the better. It's not our job, as agents, to confirm information. But as the listing progresses, if a new issue is addressed with a repair, we should try to remember to have them update their seller's disclosure. Another good policy, when an agent asks to see the seller's disclosure,is to quickly have the Seller review the form to make sure the information is current.

Posted Tuesday Nov 30